Secular Stagnation: facts, causes and cures

August 28th, 2014

Summers contributed a chapter, “Reflections on the New Secular Stagnation Hypothesis,” to the new Vox eBook, “Secular Stagnation: facts, causes and cures.”

Economic growth is still anaemic despite years of zero interest rates. Is ‘secular stagnation’ to blame? What does secular stagnation really mean? And if it’s for real, what must be done? VoxEU.org recently launched an eBook that gathers the views of leading economists including Summers, Krugman, Gordon, Blanchard, Koo, Eichengreen, Caballero, Glaeser and a dozen others. Collectively, the chapters suggest that something historic is afoot. Click here to download the eBook.

Lawrence H. Summers is the Charles W. Eliot University Professor and President Emeritus at Harvard University. He served as the 71st Secretary of the Treasury for President Clinton and the Director of the National Economic Council for President Obama.